Common use of Computation and Payment of Liability With Respect To Tax Due Clause in Contracts

Computation and Payment of Liability With Respect To Tax Due. Within 30 days following the earlier of (i) the Due Date for filing any such Tax Return (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file) or (ii) the date on which such Tax Return is filed (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file), if Parent is the Responsible Company, then SpinCo shall pay to Parent the amount allocable to the SpinCo Group under the provisions of Section 2, and if SpinCo is the Responsible Company, then Parent shall pay to SpinCo the amount allocable to the Parent Group under the provisions of Section 2, in each case, plus interest computed at the Prime Rate on the amount of the payment based on the number of days from the earlier of (i) the Due Date of the Tax Return or (ii) the date on which such Tax Return is filed, to the date of payment.

Computation and Payment of Liability With Respect To Tax Due. Within 30 days following the earlier of (i) the Due Date due date (taking into account extensions) for filing any such Tax Return (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file) or (ii) the date on which such Tax Return is filed (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file)filed, if Parent EPC is the Responsible Company, then SpinCo shall pay to Parent EPC the amount amount, if any, allocable to the SpinCo Group under the provisions of Section 2, and if SpinCo is the Responsible Company, then Parent EPC shall pay to SpinCo the amount allocable to the Parent EPC Group under the provisions of Section 2, in each case, plus interest computed at the Prime Rate on the amount of the payment based on the number of days from the earlier of (i) the Due Date due date of the Tax Return (including extensions) or (ii) the date on which such Tax Return is filed, to the date of payment; provided, however, that no such interest shall become due and payable if such payment is made within 30 days following the relevant date.